Insiders Selling Nvidia, Electronic Arts And This Footwear Giant

The S&P 500 closed lower on Wednesday. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.

Below is a look at a few recent notable insider sales. For more, check out Benzinga's insider transactions platform.

NVIDIA

• The Trade: NVIDIA Corporation NVDA Director Persis Drell sold a total of 7,800 shares at an average price of $386.03. The insider received around $3.01 million from selling those shares.
• What’s Happening: B of A Securities maintained NVIDIA with a Buy and raised the price target from $450 to $500.
• What NVIDIA Does: Nvidia is the top designer of discrete graphics processing units that enhance the experience on computing platforms. The firm's chips are used in a variety of end markets, including PC gaming and data centers.
• Have a look at our premarket coverage here

Electronic Arts

• The Trade: Electronic Arts Inc. EA CEO and Board Chair Andrew Wilson sold a total of 5,000 shares at an average price of $126.79. The insider received around $633.95 thousand from selling those shares.
• What’s Happening: EA reported fourth-quarter revenue of $1.874 billion. The company said net bookings increased 11% year-over-year to $1.946 billion.
• What Electronic Arts Does: EA is one of the world's largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile.

Crocs

• The Trade: Crocs, Inc. CROX President Michelle Poole sold a total of 18,957 shares at an average price of $109.34. The insider received around $2.07 million from selling those shares.
• What’s Happening: CROX reported first-quarter revenue growth of 33.9% Y/Y to $884.2 million, beating the consensus of $856.0 million.
• What Crocs Does: Crocs Inc is engaged in the design, development, marketing, distribution, and sale of casual lifestyle footwear accessories for men, women, and children.

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